• IFO’s Economist: Winter recession coming

Noticias del mercado

25 octubre 2022

IFO’s Economist: Winter recession coming

Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that “a winter recession is coming.”

Additional quotes

63.8 % of companies complaining of supply chain bottlenecks in October vs 65.8% in September.

One in two companies still planning to increase prices in coming 3 months.

Export expectations of industry slightly improved.

Retailers' expectations at new record low.

Expect German GDP to shrink by 0.6% in Q4.

Market reaction

EUR/USD was last seen trading at around 0.9865, down 0.07% on the day.

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